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$ 995,000
23720 SIBLEY RD ,


ATTN: INVESTORS – EXTREMELY RARE FIND – PROPOSED 48 UNIT APARTMENT DEVELOPMENT IN Brownstown Township. Prime location ! Preliminary design for an upscale apartment community of 48 unit (24) two bedroom and (24) one bedroom garden style apartment homes ranging from 800 – 1000 Sq Ft. Excellent opportunity for investor or developer. Located off telegraph Road with i75 Freeway access and minutes from shopping and entertainment. Prime location to major employment of Chevrolet Volt Battery Pack Assembly Plant. Hospitals, and R&D companies. All information including but not limited to gross revenue, number of units shall vary depending on the project planned. Owners are commercial/ residential builders they will consider building the units for the Buyer. See attached budget cost breakdown for development and construction, leasing, and final completion of the project. All reasonable offers considered

Address: 23720 SIBLEY RD
Zip: 48193
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Property Id : 26010
Price: $ 995,000
Bedrooms: 48
Bathrooms: 48
Building size: 3.44 acres
Available Space: 45000 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Architecture Style: Upper/Lower Apartment
Basement Type: Unfinished
Baths Full: 48
Baths Half: 0
CDOM: 81
Construction Materials: Other
County Or Parish: Wayne
Cooling: Central Air
Directions: East off Telegrph onto Sibley
Directions From EastWest: E
Directions From EastWest Detail: Telegraph
Directions From NorthSouth: N
Directions From NorthSouth Detail: Sibley
DOM: 81
Foundation Details: Basement
Foundation Materials: Poured
Gross Scheduled Income: 720000.00
Heating: Forced Air
Heating Fuel: Natural Gas
Income Projection: Projected
Last Change Type: Price Increase
List Office Name: The Holland Realty Group
List Price By Acre: 289244.1860
Lockbox Location: Call Listing Agent
Lock Box Type: Appointment
Living Area Source: Plans
Lot Size Dimensions: 1 x 1
MLS: Realcomp II Ltd
MLS Area Major: Brownstown (Nw)
MLS Area Major Number: 05171
MLS Number: 219074005
Monthly Rental Income: 60000
Number Of Units Leased: 0
Annual Net Income: 610000.00
Number Of Units Total: 48
Original List Price: 1200000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: 70009990015712
Postal City: Brownstown
Property Type: Multifamily
Protection Period: 180
Road Frontage Type: Paved
Room Count: 0
School District: Woodhaven
Settlement: Township
Sewer: Sewer at Street
Short Sale: No
Sqft Source: architect
State Equalized Value: 116900.0000
Street Name: SIBLEY RD
Street Number: 23720
Sqft Combined: 45000
Sqft Total Bsmt: 21500
Table: Multi Family
Tax Amount Summer: 5037.0000
Tax Amount Winter: 2227.0000
Tax Legal Description: 04Z2B1 B2A2A2A2A T4S PART OF THE SW 1/4 OF SEC 4, T4S, R10E BEING DESC AS BEG N 83D 30M 28S E 384.96 FT ALONG THE S LINE
Title: Private - Owned
Total Tax: 7264.0000
Unit Count: 2
Unit Efficiency Number Of: 0
Unit Four Bed Number Of: 0
Unit Loft Number Of: 0
Unit One Bed Number Of: 24
Unit Three Bed Number Of: 0
Unit Two Bed Number Of: 24
Water Heater Fuel: Natural Gas
Water Source: Water at Street
Year Built: 9999
Zoning: Commercial
Customer Comment: Yes
Encroachment: No
Exclusions: No
Land Contract: No
Publish Sale Price: Yes
Waterfront: No
Zone Conform: Yes
Basement: Yes
Down Payment Resource: No
Percent Homestead Exempt: No
Pool: No
IDX provided courtesy of Realcomp II Ltd., via The Holland Realty Group and Realcomp, © 2022 Realcomp II Ltd. Shareholders.

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